Gemini Trust Company, LLC, is a New York trust company. Gemini is regulated by the New York State Department of Financial Services (NYSDFS). As a trust company, we are a fiduciary and must meet the capitalization, compliance, anti-money laundering, consumer protection, and cybersecurity requirements as set forth by the NYSDFS and protect the interests of our customers first and foremost.
As a trust company, we are statutorily exempt from having to register with the Financial Crimes Enforcement Network (FinCEN)*, a bureau of the U.S. Department of Treasury. We do, however, have an account with FinCEN so that we can file necessary compliance reports.
*See Code of Federal Regulations, Title 31, Part 1010, Subpart A, Section 1010.100(d)(1) and Money Services Business Definition.